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Customs Recordkeeping Requirements: What You Need to Know

Tuesday, Mar 28, 2017 at 10:00AM - 1:00PM

Online Event

  • Mar 2017

    28 Tue

    10:00AM

  • Mar 2017

    28 Tue

    1:00PM

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Customs Recordkeeping Requirements: What You Need to Know

Tuesday, Mar 28, 2017 at 10:00AM - 1:00PM

Fremont, CA

No tickets available

Description
This trade compliance recordkeeping webinar will cover the requirements for management and retention of critical trade records and data as mandated by U.S. Customs and Border Protection (CBP). This will cover all the basic requirements in the Customs Regulations for importer and exporter recordkeeping. This topic includes (1) what records must be maintained, (2) the form in which it is maintained, (3) where they are kept and (4) record retention period. The webinar will also cover conversion to electronic recordkeeping, recordkeeping exemptions and penalties for failure to produce records.

Objectives of The Presentation
  • Why is recordkeeping important?
  • How should we go about storing our records and import data?
  • How do we request approval from CBP for electronic recordkeeping?
Why Should you Attend
The Customs Procedural Reform Act of 1978 and the Customs Modernization Act of 1993 established detailed recordkeeping requirements for importers, customs brokers, exporters and others.

U.S. Customs and Border Protection use these records to ascertain the correctness of entries, ensure compliance with applicable U.S. laws, and determine liability for duties, taxes and penalties. This webinar explains the burdens and requirements of recordkeeping under these laws and how those required keeping records can best meet their obligations. This 60 minute webinar will help you stay complaint and avoid penalties by discussing the strict requirements for retention and the management of critical trade records and data as mandated by U.S. CBP. At the end of this session the instructor will handle your specific questions related to this topic.

Areas Covered
  • Overview of recordkeeping requirements
  • Burdens on importers and exporters
  • What constitutes a record?
  • Specific entry records that must be maintained
  • Who is required to maintain records
  • Maintaining required records
  • Required retention period and exceptions
  • Alternative methods of storage
  • What is required when a request for production of records is received
  • Penalties for failure to comply with recordkeeping requirements
Who will Benefit
  • Everyone who is involved in a commercial activity e.g. importing and exporting
  • Non resident importers (NRI)
  • Customs or Trade Compliance personnel or Officers
  • Chief Compliance Officers
  • Logistics, distribution and transportation professionals
  • Other stakeholders or positions related to the global supply chain
  • Company Executive Officers
  • Entrepreneurs
  • Freight Forwarders
  • Customer Brokers
  • Transportation Risk Management Officers
  • Import Distributors
For Registration
http://onlinecompliancepanel.com/webinar/CUSTOMS-RECORDKEEPING-REQUIREMENTS-505881/MARCH-2017-ES-EZEVENT

Note: Use Promo code DE5YU and get 10% off on registration (Valid till APRIL 30th 2017)

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